Learn about the legislative progress of Montana State Bill 429 proposing Bitcoin as a reserve asset. Find out details on investment opportunities in precious metals and digital assets.
New documents indicate a bill in Montana, USA, to use Bitcoin as a reserve asset is advancing towards a vote in the state House of Representatives. According to the legislative tracking service LegiScan, Bill 429 in the Montana House allowing investment in precious metals and digital assets has passed committee approval and is on its way to the House floor. This bill creates a special state income account for investment in precious metals and digital assets. Under this bill, Montana can invest in precious metals and digital assets worth over $750 billion market cap, including stablecoins. Currently, Bitcoin is the only non-stablecoin digital asset meeting this criterion.
